Maharashtra realtors waive stamp duty for home buyers in bid to spur market

Move follows recent cut in stamp duty on and other levies by state govt

Raghavendra Kamath Mumbai
real estate, buildings

The rate cut announced by the state government is done for two periods. One till December 31 of the year and another cut till March 31 of next year.

Following a recent cut in stamp duty on and other levies by Maharashtra Government on buying and selling of properties, the local unit of Naredco (National Real Estate Development Council) has waived off stamp duty for residential property transactions in the state.
The offer is available on its portal also and will be applicable till October 31. 
The Maharashtra Government recently announced slashing the stamp duty on the purchase of new houses by 3 per cent from September 1 to December 31, 2020 and by 2 per cent from January 1, 2021 to March 31, 2021 to provide an impetus to market sentiment. 

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First Published: Sep 03 2020 | 5:30 PM IST

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